Specialty oils provider Nynas recently launched a hub in Singapore, making it faster to deliver its naphthenic specialty oils to customers and increasing their availability in the Asia Pacific region. Now, customers in Shanghai, Indonesia, Thailand and surrounding countries can…
Category: Industry News
Top Glove reports revenue decline in Q1
Top Glove Corporation Bhd’s earnings fell 3.1% to RM48.68mil in the first quarter ended Nov 30, 2014 from RM50.27mil a year ago due to an increase in natural gas and electricity prices, together with their knock-on inflationary effects. The world’s…
Malaysia reports NR exports upsurge
Malaysia’s natural rubber (NR) exports in October 2104 rose 0.5 per cent, or 260 tonnes, to 54,723 tonnes compared with September 2014, the Statistics Department said. In a statement today, the department said, however, on a year-on-year (y-o-y) basis, the…
Goodyear to relocate regional office in Brazil
Goodyear Tire & Rubber Co. will relocate its Latin America regional headquarters in Sao Paulo, Brazil, to Akron, Ohio, the tyremaker said. Roughly 30 to 50 positions at the regional office will move to Goodyear’s corporate headquarters starting in…
Mitsui and Sinopec establishes jv to construct EPT rubber plant
Mitsui Chemicals and China Petroleum & Chemical have announced the startup of one of the world’s largest EPT (ethylene-propylene-dieneterpolymer) plant for a single train under their joint venture, Shanghai Sinopec Mitsui Elastomers. EPT, which has superior resistance to heat and…
New incentives to be proposed to assist Malaysian rubber smallholders
The Rural and Regional Development Ministry will propose to cabinet several new incentives soon to assist the rubber smallholders who were affected by the intensive decline in the commodity’s prices. Its Minister Datuk Seri Mohd Shafie Apdal said the incentives…
Thai rubber industry urges gov’t to set farmers compensation for price below Bt60
The rubber industry will today ask the government to compensate farmers for a market price below Bt60 per kilogram after initially seeking compensation for prices below Bt80. The news comes as the government has revealed that it believes a planned…
Goodyear Dunlop inaugurates new winter tyre testing facility in Finland
The Goodyear Tire & Rubber Co.’s Goodyear Dunlop (EMEA) group opened its new winter tyre testing facility, deemed the “Arctic Center,” in Ivalo, Finland, on Dec. 8. The track is leased from Action Park, a company that specializes in winter…
IRGA plans to boycott domestic tyre makers
The Indian Rubber Growers Association (IRGA) may boycott domestic Indian tyre manufacturers if tyremakers continue to buy rubber from cheaper, imported sources. The association, which accused the companies of trying to “cash in on the miseries of the rubber farmers,”…
Bridgestone tyre manufacturing plant in Wilson gains Honda award
20 Bridgestone Americas announced that its Wilson, N.C. tire manufacturing plant recently received three Green Factory Environmental Achievement Recognitions at Honda’s 22nd annual Environmental, Safety and Ergonomics Symposium. The Bridgestone Wilson tire plant, which produces more than 32,000 passenger tires…